Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya - 2022
Contents:
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (FOB) - 2022
- Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (CIF) - 2022
- Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya
- Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (FOB) - 2022
The average export price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat stood at $5,531 per ton in 2022, waning by -12.8% against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 95%. The export price peaked at $6,341 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($12,371 per ton), while the average price for exports to Turkey ($4,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (CIF) - 2022
In 2022, the average import price for frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat amounted to $3,551 per ton, with a decrease of -19.5% against the previous year. Overall, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 126%. The import price peaked at $5,469 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +5.5% per year.
Exports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya
In 2022, after two years of decline, there was significant growth in overseas shipments of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, when their volume increased by 202% to 825 tons. Over the period under review, exports, however, recorded a abrupt curtailment.
In value terms, exports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat surged to $4.6M in 2022. Overall, exports, however, continue to indicate a noticeable reduction.
| Export of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | 3,417 | 2,540 | 606 | 2,369 | -11.5% |
| Democratic Republic of the Congo | 11.5 | 41.1 | 122 | 1,345 | 389.0% |
| Tanzania | 1,268 | 355 | 639 | 484 | -27.5% |
| Rwanda | 31.2 | 127 | 52.7 | 185 | 81.0% |
| Turkey | N/A | N/A | N/A | 110 | 0% |
| Others | 128 | 156 | 311 | 68.3 | -18.9% |
| Total | 4,856 | 3,220 | 1,731 | 4,562 | -2.1% |
Top Export Markets for Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat from Kenya in 2022:
- South Sudan (467.1 tons)
- Democratic Republic of the Congo (252.7 tons)
- Tanzania (56.2 tons)
- Turkey (24.0 tons)
- Rwanda (14.9 tons)
Imports of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya
For the third year in a row, Kenya recorded decline in purchases abroad of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat, which decreased by -48.9% to 541 kg in 2022. Over the period under review, imports recorded a dramatic descent. The smallest decline of -28.5% was in 2020.
In value terms, imports of frozen bone-in cuts (excluding carcasses and half-carcasses) of bovine meat shrank remarkably to $1.9K in 2022. Overall, imports faced a sharp shrinkage. The smallest decline of -35.8% was in 2021.
| Import of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 0.1 | N/A | 1.9 | 166.8% |
| South Africa | 10.2 | 6.8 | 4.4 | N/A | -34.3% |
| United Arab Emirates | 1.5 | 0.7 | 0.3 | N/A | -55.3% |
| Others | -0.4 | -0.2 | -0.1 | N/A | -50.0% |
| Total | 11.3 | 7.3 | 4.7 | 1.9 | -44.8% |
Top Suppliers of Frozen Bone-in Cuts (Excluding Carcasses and Half-Carcasses) of Bovine Meat to Kenya in 2022:
- Netherlands (541.0 kg)
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